PAR Technology (NYSE:PAR) posted its earnings results on Thursday. The software maker reported ($0.36) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.15), Fidelity Earnings reports. PAR Technology had a negative return on equity of 19.16% and a negative net margin of 14.68%. The firm had revenue of $45.38 million during the quarter, compared to the consensus estimate of $45.08 million.
NYSE:PAR traded up $3.76 during mid-day trading on Friday, reaching $29.14. 390,639 shares of the company were exchanged, compared to its average volume of 180,133. PAR Technology has a 12 month low of $15.22 and a 12 month high of $29.87. The company has a fifty day moving average of $24.04 and a 200 day moving average of $25.02. The company has a quick ratio of 3.09, a current ratio of 3.76 and a debt-to-equity ratio of 1.10. The stock has a market cap of $423.12 million, a PE ratio of -94.00 and a beta of -0.17.
The business also recently disclosed an annual dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a dividend of $0.31 per share. This represents a yield of 1.31%. The ex-dividend date was Thursday, September 26th.
In other PAR Technology news, Director John W. Sammon, Jr. sold 1,172 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $23.24, for a total transaction of $27,237.28. Following the sale, the director now owns 2,287,033 shares of the company’s stock, valued at approximately $53,150,646.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John W. Sammon, Jr. sold 3,899 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $24.00, for a total transaction of $93,576.00. Following the sale, the director now directly owns 2,410,661 shares in the company, valued at approximately $57,855,864. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,570 shares of company stock worth $2,470,714. Insiders own 30.00% of the company’s stock.
A number of equities research analysts have commented on PAR shares. Zacks Investment Research raised shares of PAR Technology from a “sell” rating to a “hold” rating in a report on Friday. Sidoti raised shares of PAR Technology from a “neutral” rating to a “buy” rating in a report on Friday, July 26th. Finally, ValuEngine raised shares of PAR Technology from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. PAR Technology presently has a consensus rating of “Buy” and a consensus target price of $31.50.
About PAR Technology
PAR Technology Corporation, together with its subsidiaries, provides management technology solutions worldwide. The company operates through two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers point-of-sale (POS) technology solutions, including cloud-based, software-as-a-service Brink and on-premise POS PixelPoint solutions, and its POS hardware platforms, as well as installation, technical, and maintenance support services.
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